Tag Archives | LGBT

SEC Jeopardizes Shareholders’ Fight for LGBT

LGBT rights are under fire at the SEC. Despite gains in the push for equality, lesbian, gay, bisexual, and transgender (LGBT) individuals still face significant discrimination and harassment in the workplace.  A 2017 survey by the Center for American Progress found that 25% of LGBT respondents reported experiencing discrimination because of their sexual orientation or gender identity within the past year. Discrimination, or fear of discrimination, can lead to poor workplace morale, increased employee turnover (and related costs), mistrust among colleagues, and reduced productivity. Continue Reading →

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LGBT Proposal Denied at CATO

LGBT Proposal Denied at CATO

LGBT Proposal Denied at CATO

A proposal seeking protections for LGBT employees at The CATO Corporation (CATO), a women’s clothing retailer headquartered in Charlotte, North Carolina, will not appear on the corporate proxy thanks to what I believe are misleading statements from the company and acquiescence from SEC staff. Sometimes a no-action win can end up as a loss for everyone. That is likely to be the case at CATO.

The resolved statement of the proposal read as follows:

The Shareholders request that Cato Corp amend its written equal employment opportunity policy to explicitly prohibit discrimination based on sexual orientation and gender identity or expression and report on its programs to substantially implement this policy.

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Will FedEx LGBT Employees Be Protected From State-Promoted Discrimination?

FDXFedEx LGBT Employees Subject to State-Sponsored Discrimination

FedEX LGBT rights failure #shameonfedex

FedEX LGBT rights failure #shameonfedex

I’ve already provided my suggested votes at FedEx ($FDX) at FedEx (FDX): Proxy Score 44. September 25th is the last day to vote online.

However, the following came in today from my friend of NorthStar Asset Management, Inc. concerning their proposal #7 Report Application of Company Non-Discrimination Policies in States With Pro-Discrimination Laws. Of course, I would vote for it 100 times over if I could, so I thought her words worth repeating. State-promoted discrimination is akin to state-sponsored terrorism, as far as I’m concerned. We have to fight it on every front.  Continue Reading →

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